Illinois Municipal Retirement Fund Sells 1,530 Shares of Two Harbors Investment Corp. (NYSE:TWO)

Illinois Municipal Retirement Fund decreased its stake in Two Harbors Investment Corp. (NYSE:TWO) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,950 shares of the real estate investment trust’s stock after selling 1,530 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of Two Harbors Investment worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. QRG Capital Management Inc. increased its stake in shares of Two Harbors Investment by 11.3% in the third quarter. QRG Capital Management Inc. now owns 12,100 shares of the real estate investment trust’s stock valued at $168,000 after buying an additional 1,230 shares during the period. KBC Group NV increased its stake in shares of Two Harbors Investment by 86.5% in the fourth quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 3,077 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Two Harbors Investment by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 258,142 shares of the real estate investment trust’s stock valued at $3,583,000 after buying an additional 3,391 shares during the period. McIlrath & Eck LLC acquired a new stake in shares of Two Harbors Investment in the third quarter valued at about $64,000. Finally, Handelsbanken Fonder AB increased its stake in shares of Two Harbors Investment by 15.7% in the fourth quarter. Handelsbanken Fonder AB now owns 36,049 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 4,900 shares during the period. Institutional investors and hedge funds own 64.19% of the company’s stock.

Insider Buying and Selling at Two Harbors Investment

In other news, insider Rebecca B. Sandberg sold 2,561 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $12.96, for a total value of $33,190.56. Following the transaction, the insider now owns 146,803 shares in the company, valued at $1,902,566.88. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CIO Nicholas Letica sold 5,737 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $11.28, for a total value of $64,713.36. Following the completion of the transaction, the executive now owns 168,935 shares in the company, valued at $1,905,586.80. This represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,136 shares of company stock valued at $377,154. Company insiders own 0.61% of the company’s stock.

Two Harbors Investment Trading Down 1.6 %

Shares of Two Harbors Investment stock opened at $13.95 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.07 and a current ratio of 1.09. Two Harbors Investment Corp. has a 52 week low of $10.84 and a 52 week high of $14.28. The stock has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $12.64. The stock has a market capitalization of $1.45 billion, a PE ratio of 6.61 and a beta of 1.84.

Two Harbors Investment (NYSE:TWO) last announced its quarterly earnings data on Wednesday, January 29th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.07). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. As a group, equities analysts anticipate that Two Harbors Investment Corp. will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, January 3rd were paid a $0.45 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 12.90%. Two Harbors Investment’s dividend payout ratio (DPR) is presently 85.31%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Compass Point decreased their price target on Two Harbors Investment from $15.75 to $14.75 and set a “buy” rating for the company in a research note on Monday, November 25th. JMP Securities reaffirmed a “market outperform” rating and set a $14.00 target price on shares of Two Harbors Investment in a research note on Thursday, January 23rd. Royal Bank of Canada raised their target price on Two Harbors Investment from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on Two Harbors Investment from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, StockNews.com raised Two Harbors Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.96.

Two Harbors Investment Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.